Investors commit billions to infrastructure

On the back of growing interest in infrastructure, an asset manager has announced its global infrastructure platform has raised more than $2 billion in investment.

AMP Capital announced that the new platform, which includes its Global Infrastructure Fund and the relaunched Strategic Trust of Europe (SITE), attracted $2.4 billion from more than 50 institutional investors across Europe, the Middle East and North America.

"We’re immensely proud of how we’ve evolved the global infrastructure platform to capture the best opportunities around the world, and the breadth of investors wanting to invest is testament to their belief in our investment strategy,” AMP Capital head of infrastructure equity Boe Pahari said.

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“Our focus on assets in the middle market has seen us secure a compelling range of investments already and with our sector, geography and asset management expertise, along with an encouraging global deal pipeline for infrastructure, we are looking forward to securing more key assets and strong returns for our investors,” Mr Pahari added.

The platform’s assets cover transport, including Melbourne Airport and Angel Trains, as well as telecoms, energy, parking and water.

AMP Capital head of SMSF and self-directed wealth Tim Keegan said Australian investors are particularly active in the infrastructure space.

“Australia has actually been at the forefront of many developments in infrastructure globally. SMSF trustees especially are getting very excited about it because it’s quite a unique investment, it’s immediately appealing [and] they get it,” Mr Keegan told nestegg.com.au.

“Looking around Sydney and Melbourne you realise that there’s a significant need for infrastructure investments and governments don’t necessarily have the capacity on their balance sheets to do it themselves, hence the need for private investment as well.”